I'm 63. Listen to this for money lessons at any age...
Welcome to another insightful episode of the Building Your Money Machine Show. Today, we’re diving deep into the financial lessons I wish I had known when I was in my 40s — lessons that can set you on the fast track to financial freedom, regardless of your age. Whether you're in your 20s, 30s, 40s, 50s, or even 60s, this episode is packed with actionable advice to help you navigate the path to wealth more effectively.At 63 years young, I reflect on the 11 critical strategies I would have shared with my 40-year-old self. From the importance of automation in saving and investing, to maximizing tax-advantaged accounts, and getting serious about diversification, I cover it all. We’ll talk about investing in skills, prioritizing your future over material possessions, being selective about debt, and knowing your number for financial freedom.I also emphasize the importance of balancing health and wealth, getting comfortable with risk, and finding the right mentors and coaches to guide you. Buckle up for an episode filled with wisdom, practical tips, and inspiration to get in the game and build your financial legacy. It's time to master your money and live a life by choice!IN TODAY’S EPISODE, I DISCUSS:Automating your savings and investing to remove decision fatigue Maximizing tax-advantaged accounts like 401(k)s and IRAs Investing in diversification and skills to build multiple income streams Being selective about debt and prioritizing your future over immediate material gainsWhy most people won't reach financial freedom and the role of financial literacyRECOMMENDED EPISODES FOR YOU If you liked this episode, click here to enjoy these and more: https://melabraham.com/show/It's not just you. Most people won't be financially freeWhat the Insurance Industry is Lying to You AboutAlarming Financial Habits That Will Surprise YouWhy Saving Your First $10k Can Change Your Life12 Most Common Regrets of Rich PeopleIf I Could Only Buy 4 Assets, This is What I Would DoRECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:Alarming Financial Habits That Will Surprise You: https://youtu.be/SHTg-TA27s4 12 Most Common Regrets of Rich People: https://youtu.be/fan5rKvRafEHow to Save YOUR First $100k (My Savings Framework): https://youtu.be/cex4G3Nbqlg If I could only buy 4 assets, this is what I would do: https://youtu.be/dYohJDcGp5Y ORDER MY NEW USA TODAY BESTSELLING BOOK:Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It! The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how build your money machine.When you do you’ll also get over $1100 in wealth resources & bonuses for FREE! TAKE THE FINANCIAL FREEDOM QUIZ:Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move